Halma (LON:HLMA) Sets New 12-Month High – Here’s What Happened

Halma plc (LON:HLMA)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 4,052 and last traded at GBX 4,014, with a volume of 12882645 shares changing hands. The stock had previously closed at GBX 3,972.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Panmure Gordon upped their price objective on Halma from GBX 3,820 to GBX 3,880 and gave the company a “buy” rating in a research report on Friday, December 5th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 3,750 price target on shares of Halma in a report on Thursday, November 20th. Citigroup increased their price target on Halma from GBX 3,150 to GBX 3,700 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. JPMorgan Chase & Co. raised their price target on Halma from GBX 3,500 to GBX 3,900 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Halma from GBX 3,800 to GBX 3,980 and gave the company a “hold” rating in a report on Friday, January 16th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Halma presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,737.50.

Halma Stock Up 1.9%

The company has a market cap of £15.29 billion, a PE ratio of 44.26, a P/E/G ratio of 2.93 and a beta of 0.53. The business has a 50-day simple moving average of GBX 3,642.30 and a 200-day simple moving average of GBX 3,500.57. The company has a quick ratio of 1.51, a current ratio of 2.45 and a debt-to-equity ratio of 45.83.

Halma (LON:HLMA) last announced its earnings results on Friday, January 16th. The company reported GBX 55.32 earnings per share (EPS) for the quarter. Halma had a return on equity of 15.87% and a net margin of 13.21%. Equities research analysts anticipate that Halma plc will post 90.5626134 EPS for the current year.

About Halma

Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad markets it operates in:

– Safety – Protecting people’s safety and the environment as populations grow, and enhancing worker safety.
– Environment – Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research.
– Health – Meeting the increasing demand for better healthcare as chronic illness rises, driven by growing and ageing populations and lifestyle changes.

Halma employs over 9,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.